Short-term CFOs Equal Short-term Planning - - CFO.com

Managers and shareholders often disagree about the timing 0f projects. We have long argued that managers are much more myopic than are shareholders. This supports that:

Short-term CFOs Equal Short-term Planning - - CFO.com:

"An overwhelming majority — 87.6 percent — of finance chiefs reported that companies have shortened the payoff horizons of their investment decisions to coincide with the shorter tenure of executives. That result does not augur well for the U.S. economy in the long run, notes Campbell Harvey, a Duke professor. 'Investments should be chosen based on their contribution to firm value, without adding an arbitrary constraint tied to CEO or CFO job tenure"